JPMorgan Chase has announced $70 million in new business and philanthropic commitments in France to connect individuals and entrepreneurs to economic opportunities.

The total investment includes $50 million to launch Spark France in partnership with Bpifrance, which will provide capital to gender-diverse private investment firms and funds investing in strategies that are positively impacting society and communities. The remaining $20 million is a philanthropic commitment in support of programs working to help connect underserved communities in France gain employment and to provide business growth opportunities that will arise from an improved economy.

“The economic impact we’ve helped to create with local community and government partners in Seine-Saint-Denis, and the learnings we’ve developed, are critical as we look to this next chapter of business growth in France,” said JPMorgan Chase chair and CEO Jamie Dimon. “With over 150 years of doing business in France, we believe these new investments will help serve clients, deepen relationships, and help communities benefit from new economic opportunities that were not previously accessible.”

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